A folk theorem for finitely repeated games with public monitoring

Résumé

We adapt the methods from Abreu, Pearce and Stacchetti (1990) to finitely repeated games with imperfect public monitoring. Under a combination of (a slight strengthening of) the assumptions of Benoıˆt and Krishna (1985) and those of Fudenberg, Levine and Maskin (1994), a folk theorem follows. Three counterexamples show that our assumptions are tight.

Mots-clés

Codes JEL

Référence

Johannes Hörner et Jérôme Renault, « A folk theorem for finitely repeated games with public monitoring », TSE Working Paper, n° 23-1473, septembre 2023.